China’s ZTE Reports $1.1 Billion Loss

The telecom company’s first-half results cover the period of U.S. penalties

HONG KONG—China’s ZTE Corp. disclosed a loss of 7.8 billion yuan—about $1.1 billion—during the first half of the year, after a ban on purchasing American supplies forced a life-threatening shutdown of the telecommunications giant.

The loss covers most of the period during which ZTE was shuttered, and marks its first official accounting of the period. The Commerce Department banned U.S. companies from selling to ZTE in April after it found the firm broke the terms of its settlement resolving earlier violations of U.S. sanctions...

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